Industry Trends
Industrial Head Protection Market size was above $2.3 billion in 2016 and expects volume consumption to surpass 400 million units by 2024, according to a report by Global Market Insights Inc.
Rising influence on considering worker’s safety at high priority in mining, oil & gas, and construction industries should drive industrial head protection market size. It plays a vital role in working environment by safeguarding against low hanging objects, electric hazards, falling objects and accidental falls, making it beneficial for industrial injury safety programs.
Global construction industry was estimated over $9 trillion in 2016 and is poised to surpass $16 trillion at the end of 2024. Construction industry registered over 995 fatalities due to brain injuries. Various fatalities include falls, electrocution, trench cave-ins, struck by objects, malfunctioning equipment like forklifts and cranes. High mortality rates accompanied with stringent policies and regulatory norms set to ensure worker’s safety should contribute towards product demand.
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